“America’s first bio-MLP? From a long-term standpoint, our most intriguing takeaway is that KiOR seems to have found a way to create America’s first-ever renewable energy MLP. The “angle” is that only forestry byproducts (such as wood chips) could be used as the feedstock to produce the biofuel within the MLP. To be clear, the company’s production capacity wouldn’t scale up to MLP-able levels until at least the second half of 2014, by which point a letter ruling from the IRS to enable the MLP spinoff should be in hand.”